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Personal Skills Highly Valued In Advisors: Mainstay

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Investors want more than strong investment recommendations from their financial advisors, according to researchers at Mainstay Investments.

The researchers at MainStay, a unit of New York Life Insurance Company, New York, say an advisor’s ability to provide meaningful advice, build trust and attend to personal needs are considered top advisor traits desired by over 85% of investors who use a financial advisor.